The price is right! Or not?!?

Discussion in 'The Aspiring Professionals Forum' started by Triton, Dec 14, 2016.

  1. Triton

    Triton TPF Noob!

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    I am looking for some professional advice on pricing a request for one of my photos to be posted on a truck trailer. I am by no means a pro, but my photography is quite unique and I am beginning to catch some attention locally. I am a commercial diver by trade, so naturally all my photos are UW (or half in half out). I am afraid of being over priced, but also don't want to cut myself short. Any advice would certainly be appreciated.


     
  2. KmH

    KmH In memoriam Supporting Member

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    How much you might be able to get depends to a large degree on where you are.

    Use license terms like how big the image will be, the broader the geographical use, the number of trucks the image is used on, how long they want to use the image, all factor into the pricing.
     
  3. tirediron

    tirediron Watch the Birdy! Staff Member Supporting Member

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    There's a lot to consider: How big is the image, what sort of exposure, how large is the company, etc...
     
  4. Triton

    Triton TPF Noob!

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    I have requested more information from the client as you suggested. Just waiting for a response.


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  5. Triton

    Triton TPF Noob!

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    I have requested more info from the client, I'll let you know when I hear back. Thanks for responding so quickly!


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  6. Triton

    Triton TPF Noob!

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    "Hi Ryan - the image will be a back wall display image inside a trailer display on fishing and poaching in Alberta would love to use your images."

    He informed me earlier that the image would
    Blown up to 7' x 12'. The company is a not for profit but they have purchased photos from me once before. They obviously have a marketing budget.


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  7. tirediron

    tirediron Watch the Birdy! Staff Member Supporting Member

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    I've learned that these days you need to lead with finding out how much the client wants to spend. I open with something along the lines of, "Thank-you for your interest in my work. I would certainly like to be part of this. What is your budget for this project?" There are a number of considerations to be looked at: (1) They will almost certainly play the "Non-profit" card and expect to pay as little as they can; (2) Is this a beneficial non-profit that you support? (3) What is the realistic audience for this image? A few people a month or thousands a week? (4) Do they want exclusivity? (5) How long do they want to use the image for? and (6) What is the images earning potential aside from this gig?

    For a large audience (tens of thousands) on a one-year, non-exclusive license, this should be in the $5000+ range in my book, but the reality is that today's market likely won't support that. Were this my image, I would realistically hope to realize something in the $1000 range for non-exclusive single use.
     
  8. Triton

    Triton TPF Noob!

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    Ok awesome, hey I really appreciate your advice pal.


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  9. Designer

    Designer Been spending a lot of time on here!

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    "Non-profit" does not mean they are without resources. They may publish information on a website as to how they get their money, the size of their annual operating budget, their annual expenses, etc. which should give you some insight as to how "poor" they are.
     
  10. tirediron

    tirediron Watch the Birdy! Staff Member Supporting Member

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    I agree110%, BUT... I would still expect them to play the card.
     
  11. Triton

    Triton TPF Noob!

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    I will look into that, thanks


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  12. KmH

    KmH In memoriam Supporting Member

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    Sounds like you're in Canada.
    The use will be regional in scope and limited to a Provence having a estimated population of 4 million people, though the target audience would seem to be fishermen.
    It sounds like they would use the image for several years and for just the one use, but you would want your use license to include those restrictions.
    If they want to use the image for several years I recommend you offer them a multi year license paid for in yearly installments:
    For example:
    Year 1 - $$$$ (say $2000 to keep the math simple)
    Year 2 - $$$$ after a 20% discount off the year 1 license fee ($1600 if $2000 1st yr).
    Year 3 - $$$$ after a 20% discount off the Year 2 license fee ($1280 or 20% off of $1600)
    Year 4 - $$$$ after a 20% discount off the Year 3 license fee ($1024 or 20% off of $1280)

    Apply salesmanship.
     
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